State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-63

§ 53‑63.  Unlawfulissuing of certificate of deposit.

It shall be unlawful for anybank to issue any certificate of deposit or other negotiable instrument of itsindebtedness to the holder thereof except for lawful money of the UnitedStates, checks, drafts, or bills of exchange which are the actual equivalent ofsuch money. Any officer or employee of any bank violating the provisions ofthis section shall be guilty of a Class 1 misdemeanor. (1921,c. 4, s. 44; C.S., s. 220(s); 1993, c. 539, s. 418; 1994, Ex. Sess., c. 24, s.14(c); 1995, c. 129, s. 14.)